The Latest are Mark Zuckerberg and Steven Spielberg. Others include Larry Ellison, the founders of Google, Larry Page and Sergey Brin, among many others. Now, The wealth tax would confiscate 5% of an individual's net worth if they're worth more than $1 billion. And what's worse is it would actually go after people who have already left the state if they had been in California within a year of the measure's enactment. (14:47–14:58)
CLAIM
Asserts that the proposed wealth tax in California would take 5% of net worth from individuals worth over $1 billion.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
